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Farmers In Brazil Are Facing High Demand
Farmers in Brazil, the world's largest soybean producer, are facing high demand.
Yazar: Tom Roberts
Yayınlanma: 25 Ağustos 2020 23:43
Güncellenme: 19 Kasım 2024 01:16
Farmers In Brazil Are Facing High Demand
Farmers in Brazil, the world's largest soybean producer, are facing high demand. According to the news in Bloomberg, the demand has increased so much that sales agreements have already been made for the 2022 harvest.An Unseen Event
The agribusiness institute of Mato Grosso, the largest state-owned producer, announced that 1.3 percent of the 2022 harvest has already been sold. Daniel Latorraca, institute inspector at Imea, said, "Selling the crop of two years later is an unprecedented event." The Brazilian currency, real, has experienced a serious decline against the dollar recently. On the other hand, with the demand for oilseeds increasing, prices for soybeans suddenly increased. With the depreciation of the real, soybean exports increased at a record level, while inventories fell to their lowest levels.'Farmers Want To Remove Uncertainty'
Farmers have sold 43 percent of their 2020-21 crops, according to Aug. 7 data from consulting firm Safras & Mercado. “Farmers are trying to eliminate uncertainties,” said Luis Fernando Roque, the company's analyst. The change in the exchange rate is one of those uncertainties ”.İLGİLİ HABERLER
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